Are you thinking about holding an estate auction in Denver, CO? You no doubt wonder what the process entails, but there’s no need to worry about it. It’s straightforward if you hire a full-service auction house like Colorado Premier Realty & Auction Services. Here are the eight steps you can expect!
- Consultation. Sit down with our team. Help us understand what you’re selling, and why. With a better understanding of your property and your goals for it, we’ll be able to develop a strategy that best serves your interests.
- Evaluation. With your blessing, we’ll go ahead and catalog everything we’re auctioning on your behalf. In addition to assigning value to these items (and conducting a property appraisal, if you’re selling real estate), we will record enough information to effectively advertise them during the next step.
- Marketing. One of an auction house’s most important jobs is to attract as many enthusiastic and capable buyers to the main event as possible. Online ads, print ads, email campaigns, bandit signs, fliers, direct mail, word of mouth – it’s all in service of filling the floor with bidders
- Preview. If you’re selling real estate or valuable chattels, then you have to offer potential buyers an up-close look at the goods. True to its name, the preview period gives bidders a chance to see (and get excited) about whatever they’ll be bidding on.
- Auction. Colorado Premier Realty & Auction Services manages the totality of each auction we hold on behalf of our clients. From site set-up to bidder registration to auctioneering, we’ve got everything covered. Whether we’re fielding bids during an online or in-person auction, we’re creating an environment where bidders bid high and bid often.
- Payment. We make payment just as secure for winning bidders as we do for our clients. Keeping buyers and sellers at arms length is the best way to keep transactions civil and stress-free. You can rest assured your proceeds from your action will become yours in good time.
- Removal. Once the financial transaction has taken place, it’s only a matter of providing your property to its new legal owner. Winning bidders may take possession of items while a live auction is still ongoing, or immediately after its completion. For online auctions, the items are delivered within a specified amount of time. If you’re selling real estate, the property belongs to the winning bidder as soon as their payment clears.
- Settlement. Finally, we produce your final settlement. It’s a complete breakdown of all your auctioned property’s final prices, as well as our own fees. This completes the process of selling at auction – something you’ll be glad you handed over to a professional!
Whether you’re an individual who’s selling an inherited house full of inherited things, a business owner who wants to clear out last year’s overstocks, or a reseller who needs to free up space for new inventory, Colorado Premier Realty & Auction Services is here to handle your upcoming auction from start to finish. We welcome you to contact us today for the greater Denver area’s full-service solution to appraisal, estate liquidation and auction hosting!